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Author Archives: Misc
Moodys warns of Australian Property Bubble
It’s a familiar story to those in the USA & Europe but it seems the Australian property market has got a lot of the characteristics of the credit fueled calamity that befell the economies of the USA, UK, Ireland and … Continue reading
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KPMG to protect La Senza lingerie chain from administration
Lingerie chain, La Senza, has become the latest UK retailer to face financial restructuring. Global accounting firm, KPMG has been appointed to advise the company on a range of restructuring options, which could include administration or a company voluntary agreement … Continue reading
Posted in Business, UK, underwear
Tagged KPMG, La senza, La Senza Lingerie, lingerie
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UK consumers tp spend 350 million hours shopping online this Christmas
Experian Hitwise has made twelve key retail, social media and video predictions for this year’s festive season. Based on the latest data trends in online shopping, social networking, email and entertainment, here are their “12 Insights of Christmas” 350 million … Continue reading
Subway overtakes McDonalds as world’s largest
Subway have today claimed that their Chain is now larger than McDonalds worldwide with 33,749 stores versus 32,737 displaying the famous Golden Arches. However it is still safe to say that McDonalds is much larger in terms of revenue with … Continue reading
Posted in Business, Economy, USA
Tagged Doctor's Associates, Subway, Subway sandwiches, Subway subs
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Obama’s Nuclear Plans suffer setbacks
US Preseident, Barack Obama’s hopes of reshaping US foreign policy stand on the brink of failure tonight, after two of his most cherished initiatives, nuclear disarmament and better relations with Moscow, suffered major setbacks. According to a leaked NATO document … Continue reading
UK offers help to bankrupt Ireland
While the UK is not part of the Euro currency, the Finance Chief in the new UK government has announced that the UK is ready to stand up and help it’s “closest neighbor” “We’re going to do what is in … Continue reading
Posted in Danger, Economy, Europe, Ireland, UK
Tagged Brian Lenihan, George Osborne, IMF, Irish economy
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GM to accelerate Volt Electric Car production
General Motors is stepping up production of its new Chevrolet Volt electric car in response to “huge demand,” according to a statement by a top executive yesterday. GM product chief, Tom Stephens, was Speaking at an event where the Volt … Continue reading
The Irish want to pay more tax?
As the Irish economy follows the USA into a double dip recession, it appears from a new poll released today that the Irish population will choose higher taxes over control of public spending when the next national election takes place … Continue reading
Posted in Europe, Ireland, Politics
Tagged opinion poll ireland, Political opinion polls
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Largest ever share offering raises $70Billion
As the B.R.I.C. countries flex their muscles in the ever changing world economy, the Brazilian state oil company, Petrobras has raised a whopping $70 billion in the world’s largest ever share offering. The cash will help fund the world’s largest … Continue reading
France Telecom to buy 40% of Moroccan telco
France Telecom SA announced an agreement to buy 40% of Morocco’s No. 2 telecommunications operator, Meditelecom, as the French telecom giant seeks to boost revenue growth outside of Europe. Read more on the Wall Street Journal: http://online.wsj.com/article/SB10001424052748704129204575505733072743138.html
Posted in Africa, Europe, Telecoms
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Irish Government to Create Deposit-Only Bank
The dublin government is to split Anglo Irish Bank retaining a deposit-taking unit while winding down the troubled lender’s other activities over time. The announcement on Wednesday followed an emergency cabinet meeting to discuss the plight of the nationalized property … Continue reading
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German retailer Aldi to pull out of Greece
German discount giant Aldi is to exit the Greek market, with the retailer saying that it is now in talks with several parties to take over its 38 Greek stores. Reports from Greece suggest that the company is said to … Continue reading
Irish Company changes Scottish soccer sponsorship strategy
Tennents Lager, owned by Irish Company C&C Group PLC, has announced that it is to end its 36 year relationship with the Scottish Football Association (SFA) the governing body for Soccer in Scotland. Instead the Irish company has announced that … Continue reading
Posted in Politics, Sport, UK, Uncategorized, United Kingdom
Tagged C&C, Glasgow Celtic, Glasgow Rangers, Magners Cider, Scottish Football, SFA, Tennents
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Yahoo announces 87% profit growth results
Yahoo has announced profit growth of a whopping 87% on 1% revenue growth for the first quarter of 2010 versus the same period in 2009. Yahoo’s Chief Executive Officer Carol Bartz said: We had a good quarter, delivering income from … Continue reading
Former Irish PM, Bertie Ahern, rules out run for Dublin mayor
Considered by many as the architect of Ireland’s particularly deep recession, former Irish Prime Minister (Taoiseach) Bertie Ahern, has ruled out running to be first directly elected mayor of the state’s capital, Dublin. When questioned Tuesday on the issue, Mr … Continue reading